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18 January 2025 | 16 replies
The only issue I've had is a small period where the laundry pods would always be empty at turnover.
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4 February 2025 | 4 replies
. - Despite 3 tenants in under 3 years, it has done very well for us and has only been "vacant" for 15 days in that period, and has great cash flow, ~$1000/mo due to ~50% equity in the property, and a low covid-era interest rate. - I have been saving ALL of my cashflow into its own account to accumulate to buy the next rental (totaling ~$24,000).
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21 January 2025 | 19 replies
They stopped paying the lender and wanted to work something out with the lender but the time is running out (ie the management company did not do any significant improvement during the forbearance period) One of the LP just emailed me and said we need to raise 65k to enlist help from this company.
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3 February 2025 | 56 replies
You can be proud of what you have achieved in a short amount of time, this is really impressive!
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9 February 2025 | 33 replies
Quote from @Jeff Roth: Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success!
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29 January 2025 | 5 replies
Even if you get something in escrow right away, it's still a 30-45 day escrow period before you would get paid, unless you are working with cash Buyers.
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4 February 2025 | 12 replies
Remember this is a marathon......That said are you planning to flip, hold(short or long term?)
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12 February 2025 | 8 replies
If you're worried about finding tenants, focus on a location with strong rental demand, list rooms on platforms like Facebook Marketplace or Furnished Finder, and consider mid-term or short-term rentals if long-term tenants are hard to find.Good luck!
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17 February 2025 | 9 replies
It's my understanding the Gator Method consists of providing short term loans to cover other investor's earnest money deposits.
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17 February 2025 | 11 replies
I mention all this to in short say, expect very high maintenance on the front end.